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protestant churches. this reinforced a second exceptional pillar, common law, which posits that god-given, or the laws given from god to the people and it bubbles up word to the rumors. it gives us the government of the people, by the people and for the people that lincoln referred to. common-law stand in stark opposition to almost every other nation on earth that has developed some form of civil law come in which law trickles down from the top. both germany and england had common-law for a while, but by the 20th century both have more or less abandoned it. germany more so than england. therefore, by the end of world war ii, when you have unloaded however unwillingly its colonies, those colonies were themselves designed on principles of civil law. us, the first two pillars taken together mean that a christian, protestant religion influenced and shaped everything about american foundation of laws and defined its system of personnel rights. it wasn't just that the united states was a democratic republic, but that the very premises of what a democratic republic meant were likely to be
of a new law in russia that bars american citizens from adopting russian children. president vladimir putin has signed the law, which places new strains on bilateral relations. >> the new law comes in response to american legislation that withholds visas to russians accused of human rights violations and freezes their u.s. assets. >> most bills signed by president putin have not been subjected to so much public scrutiny, but the ban on americans adopting russian children is controversial, so putin's strategy is to appeal to russian patriotism. >> as far as i know from opinion polls, the vast majority of russian citizens have a negative opinion of foreigners adopting our children. russia can and must look after its own children. >> at the same time, a russian judge acquitted a former prison doctor. human rights activists say he is responsible for the death of a russian lawyer in 2009. the lawyer was imprisoned after accusing russian officials of the $230 million tax fraud. since his death, relations beween the u.s. and russia have increasingly soured, culminating in the adoption van --over 7
a shooting inside police headquarters. the egyptian president has signed into law a controversial new constitution after official confirmation should a clear majority for the document in a referendum. >> morsi is due to address parliament on saturday after appointing 90 members to the senate. >> critics say the new basic law is islamist and undemocratic. >> the opposition kept up its protest for weeks, but it was not enough. anchor fled on the streets of cairo after official results were announced. critics say the referendum was marred by fraud. am i in my opinion, the revolution continues, and the constitution does not exist. a constitution has to be for everyone, not split the people of egypt. >> everybody knows the results are wrong. i will continue protesting peacefully until our demands are met. >> egypt's election commission says nearly 64% of voters approved the constitution in tibia will rounds of balloting, a clear majority, but the overall turnout was only about 33%. with the official results in, the constitution's islamists supporters are looking ahead. the muslim -- the mu
institution, where he chairs the hoover taskforce on national security and law and cochairs the hoover task force on the virtues of a free society. in the past he served as an associate professor at george mason university school of law and an assistant and associate professor at harvard university. he is the author of virtue and the making of modern liberalism and the ethics seven moralist. he holds that j.d. and a ph.d. in political science from this institution, a master's in philosophy from the hebrew university of jerusalem and a d.a. in english literature from swarthmore college. i feel sort of silly introducing these people because everyone knows who they are, but still, i have to. serve as the editor in chief of commentary magazine from 1960- 1995, and is their current editor at large. he was awarded the presidential medal of freedom by george w. bush. he served as a senior fellow at the hudson's -- hudson institute and was a senior fellow and is the author of many books and articles, including the bush doctrine, what the president said, and what it means, world war four, the long s
. >> nancy, you went to harvard law school. you went to oxford. you could have done so many things. how did you end up at the white house? >> i could have done many things and i have done many things. i started off as a lawyer. i am from a small town. my mom raised three kids on her own. she did not have a college education, but she is viewed in me that i could have one. >> how did she do that? >> she had very high expectations and let me know that she wanted me to do very well in school. when i would talk to her about one in to work in the white house sunday or being interested in politics, she would say you have to study hard and get good grades because you will need a scholarship. i cannot afford it, but she never said i could not do it. that was her view. it made me think i could do anything. i went to law school. in the early 1980's, when i got out of law school and was going around to law firms, even at that point, there were not many women in law firms. people would sit me down and say, do you understand that if we take you into this law firm, you will have to try cases? [laughter] t
wife had told him. ♪ ♪ >> soon, multiple law enforcement agencies would be on the case. >> fire and rescue will be coordinating with us. >> county sheriff david shoar. >> all bets are off and there's nothing more important than a victim being held against her will being threatened with homicide so you roll out what you have. >> while reid went to the sheriff's office a s.w.a.t. team was deployed to his home. ♪ ♪ ♪ ♪ >> they cautiously entered the multimillion residence. the house sat eerily empty, a photo album opened on a couch, a happy quinn on her wedding day. crime scene techs swept inside and out looking for fingerprints, tire tracks, any clues to the kidnappers' identities. on the dining room table they found a sheet of yellow paper, the ransom note. that looked to be in quinn gray's handwriting. dear reid, i need you to read this and be calm. reid, do not be a hero. this is professional and there are three men holding me right now and they want $50,000 cash. i will be okay if you get them the money. >> what do you know about the victim? >> we knew she was a housew
to the people of cuba. the helms-burton law was not as effective as i would have liked. >> another issue out you are associated with is autism. how did that get started? >> my grandson was a very normal child. when he was 18 months to two years old, he got nine shots in one day. seven of which had thimerosol, mercury. it is a preservative. in 1929 it was tested on the 29 people who had meningitis. they said that the mercury had no impact so they started using solutions.halmologic when children get a few vaccinations, it did not have a huge impact but they started to get as many as 25 or 30 before they get to the first grade. my grandson got nine in one day and he became artistic, banging his head against the wall. then diary and constipation -- diarrhea and constipation. he was doing terrible. i was not aware of autism and all but i was chairman of the committee that did the investigation so i started to looking into with health and human services and the food and drug administration and that is where i had four years of hearings on that and i became convinced that women -- that mercury, women w
for the relief. >> in the end, house democrats were joined by enough republicans for the agreement to become law. as for the president to deliver on a campaign pledge, that the rich would pay more to help reduce the deficit. >> i will sign a law that raises taxes on the wealthiest 2% of americans wall preventing a middle-class tax hike for -- while preventing a middle-class tax hike. >> they have agreed that the wealthiest americans will pay more income tax. individuals earning more than $400,000 a year deep spending cuts of more than $100 billion have been delayed for two months which means there will be another round of haggling at the beginning of march. the u.s. government will hit what is known as the debt ceiling, the limit for borrowing and only congress can raise it. for americans braving the january chill, frustration with politicians and resignation that they will soon have to go through all over again. >> i think it is ridiculous, i think the congress should be doing their job, not waiting until the last minute. >> it is not over with yet. they have another couple of months to debate
for the agreement to become law. as for the president to deliver on a campaign pledge, that the rich would pay more to help reduce the deficit. >> i will sign a law that raises taxes on the wealthiest 2% of americans wall preventing a middle-class tax hikett for -- while preventing a middle-class tax hike. >> they have agreed that the wealthiest americans will pay more income tax. individuals earning more than $400,000 a year deep spending cuts of more than $100 billion have been delayed for two months which means there will be another round of haggling at the beginning of march. the u.s. government will hit what is known as the debt ceiling, the limit for borrowing and only congress can raise it. for americans braving the january chill, frustration with politicians and resignation that they will soon have to go through all over again. >> i think it is ridiculous, i think the congress should be doing their job, not waiting until the last minute. >> it is not over with yet. they have another couple of months to debate things. once they figure it out, they will come to a decision which we hope will b
. that is the danger of an excess of state. >> [inaudible] how can we get them to take the laws out? [applause] >> we are almost out of time. >> you were raised in a secular household. and how you still classify yourself as not being religious. he still believed to be the correct position. you also mentioned the benefits of religion. this interesting paradox where if everybody held the position you do, we would lose the benefits of religion. how do you reconcile that? >> you are right. it is an empirical question. not a question of logic. it is an empirical question. society can be prosperous and virtuous and freed without religious sustenance. the biggest laboratory for that is post-christian europe. it is not promising. it is a fair question. the logic of my argument is there are a lot more people like me, we would be in big trouble. i think that may be true. >> thank you. >> what are your views on the present state and the future state of the american nuclear family? >> without any doubt, america's biggest problem is not the debt. the fiscal cliff and other metaphorical geology. the biggest proble
they want to bill, the infrastructure, the programs they make into law. guest: i think james hits on the virtue of a flat tax, having a low, single rate, getting rid of all the loopholes in the tax code and having the government learn to live within its means. that would take some time, but it is eminently doable with positive reforms on the entitlement for younger people. you do not have to change the benefit formulas for those on medicare or social security or who are about to go on those systems. as younger people know, those systems are headed for a crash. the sooner we reform them in a positive way, the better. the key to do it is not by raising taxes, but by having a low single rate and they learn to live within it. i think you'll have a much more prosperous country for it. host: let's end where we started. what do you think the best solution in your personal view and your business view is to the fiscal cliff situation? guest: aside from not doing something foolish and the next three or four days -- that is why i do not mind kicking the can down the road -- would be to follo
price. >> we have that with current epa. >> with the current epa laws. >> it's a de-facto to us. >> let's say we have that. what does that do to growth? what does that do to -- is that compatible with the continued growth of the american economy because the problem is, with juliet, what you said before, countries take a huge economic nosedive. the problem in selling it is precisely going around and telling people, hey, great news. we're going to tank the economy. >> i am actually a technology ee van gentlem evangelist. i think an economy with bright innovators, which happens to be the case with the united states, i think you can effective do what germany has done and actually having a high tax is not a problem, right? one of the central political problems in the united states is you have to raise tax revenue. why not raise tax revenue from a part of the economy where you want to discourage activity and use that for education. >> the private sector is sitting on more uninvested cash. this is not stock, not money given to owners. >> firms sitting on cash waiting to invest. they are waitin
of law and military justice. we spend millions of dollars to work with the military during a wholesale way on mentor ship and to make sure that human rock -- human rights and the law are instilled drought. -- instill that throughout. >> and where you have seen efforts not working at all, where is it? is it the same? >> again, the challenges are paramount. these are forces that do not howff a great amount of discipline. they do not have great training. enda in many cases, they do not have great education. there is a capacity problem within the drc, and it makes it harder to try to train them up in a way that meets the standards that we would like to see in the military. >> would you like to comment further? gregg's yes, i would. -- >> yes, i would. i would like to say that security sector reform in the army has been a failure, for the most part. it is a failure because of all of things that my colleague has said, but is also a failure because of the elements appear of corruption. soldiers are not paid on a regular basis. they are not sustained and read what in the field -- and reequippe
intriguing people. [ woman ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. >>> after a brutal winter storm caused major headaches for people in the midwest who, well, the east coast, now they can expect guess what, more snow. this weekend, bonnie schneider is here to tell us which areas will be hardest hit. >> martin, looking at a lot of snow for new england, especially in the southeastern seconds of massachusetts. what's happening with this system is it's doing a meteorological phenomenon called bombing out. it means the low will deepen rapidly. and that will only intensify the storm in terms of bursts of snow as well as strong winds. you can see our radar picture shows we still have lighter snow falling in new york city, northern new jersey, connecticut and into massachusetts. but that rain is kind of swee
% of the boat. the government agrees -- there's a lot, under greek law whatever party comes in first, take a step back, greece has proportional representation that deserves a word of comment. proportional representation is the peculiar idea that if you get a certain percentage of the vote in an election, you should have the same percentage of delegates in congress that right the laws. it you didn't do that you exclude the 18% that had a role to play in governing which you think is the idea. in european countries we have proportional representation. if you get more than usually a cut off of 5% to get whatever the percentage of your vote is that is how many seats you get. you all understand i assume we don't do that in united states. if you get 51% of the vote you get it all and 49% wage. we have had proportional representation in the united states in the past. when you read about primary, and they a gets 20 delegates for the convention and candidate b, that is proportional, they get an equal number of delegates, we actually recognized in the united states proportional representation, we jus
counseling before this life-ending procedure is undertaken. abortion is settled law in the u.s.a. but it should be discouraged because human d.n.a.ke is present uponed conception. thus, the situation becomes a human rights issue. ask yourself this question. should america be a country where potential human life, undeniable fact after conception is terminated for convenience, for convenience? is that the kind of country we want? and the federal government is going to demand that citizens who oppose abortion pay for it? what sayen you planned parenthood? finally, twowh states, washington and colorado, voted to legalize pot. the grim stats on this idiocy. since 2008, teenage pot use up 48%. heavy use for teens has increased 80%. states that have lenient drivingmarijuana laws those stats. why? because legalizing pot sentsdz a message that it's fine to use it. and getting the drug at the corner pot f shop makes it readily available to anyone. ask any drug counselor, and he or she will tell you once a child is introduced to intoxication can't that child's life changes for the worse
would serve as the capital of a future state. they say settlements there violate international law, but israel says it is an integral part of jerusalem, which it sees as its own capital. israel has been pressing ahead with plans to expand settlements since the palestinians were granted observer status at the u.n. to russia has put in place the last section of an oil pipeline from eastern siberia to the pacific. that is a link up that is now almost 5,000 kilometers long. >> the massive project is russia's oil fields direct access to key markets in japan, south korea, taiwan, the philippines, and the usa. >> after six years of construction and around 21 billion euros, the pipeline is complete. russia hopes it will be able to expand sales into the u.s. market. it also wants to sell more into southeast asia. the pipeline goes 2,700 kilometers. oil has been flowing from there to china since 2010. now, the final section has been completed. from there, it can be shipped out. until now, the oil was transported along this last leg by train. that had a limited capacity of 15 million barrels
they have to be part of this deal? you've got half of those cuts in defense law? >> well, congress agreed they would cut an additional $1.2 trillion in spending. they put a committee together to try to come up with those numbers. they didn't figure out how to do it. so what we now have is a situation where these automatic spending cuts go into place. now, if we have raised some revenue by the wealthy paying a little bit more, that would be sufficient to turn off what is so-called the sequester, these automatic spending cuts, and that also would have a better outcome for our economy long-term. but, you know, so far, at least, congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> you talk about a dysfunction in washington. you sign this legislation setting up a fiscal cliff 17 months ago. how accoun
, physically recognized by law which they become husband-and-wife. but. but why today's society, and accepting society sisto richart between men and women? people have partnerships and are not allowed to be asserted as has been our wife and although marriage isn't for everyone, shouldn't it be something everyone can decide to? how could she feel if you couldn't bear the person you love? the first is not driven in 2001 in the last, argentina 2010. 10 countries in 11 years isn't that exciting. love is the natural human emotion. why should the of the person you love change anything? why should we let authority to take her society can and can't get married? we as a society have a moral and social obligation to challenge abuse against gay people. make nsr campaign were serious against discrimination. it's against the law to discriminate. is there hypocrisy in our law? last year alone over 65% of, gay and young women. one fifth of and people try to take their own life and 19% of the community felt discriminated against because of their sexuality. we need to work together to change this to your desk
minister promised to review rape laws and punishments. demonstrators again took to the streets today, calling on the chief of the police department to step down. the government has also ordered an inquiry into the police handling of the case. meanwhile, the young woman whose case sparked the protests has flown to singapore for treatment. her situation remains critical. and internet where there are no political restrictions or government fire walls and were free discussion is the norm and not the exception -- that vision shaped and promoted by the chaos computer club for almost three decades now is under threat. >> the club's 29th annual congress in hamburg. thousands of visitors will be attending lectures on how the world can make and keep the internet a free-form, especially for ideas that the powerful do not like. this year, the focus is on free speech and press. >> three decades ago, klaus said out on a crusade to make the cyber sphere safer. he founded the chaos computer club to draw public attention to the risks of information technology. >> our motto is to protect private data
of democrats and republicans in congress, i will sign a law that raises taxes on the wealthiest 2% of americans while preventing a middle-class tax hike that could have sent the economy back into recession and obviously could have had a severe impact on families all across america. >> the deadline that congress imposed on itself had already passed, but it did not cause any real harm because important ro financial markets remained closed on new year's day. automatic tax increases could have pushed u.s. back into economic recession -- pushed the u.s. back into economic recession. tax rates will go up for only those earning over $400,000. in herington is -- inheritances over $5 million will also be heavily taxed. president obama immediately left washington to rejoin his family in hawaii, but the next battle is already in view. in the next two months, congress will need to raise the debt limit to allow treasury to borrow more money and it must agree on spending cuts to reduce the deficit. >> for more analysis, we are joined by our washington correspondent. lawmakers have voted what many -- have ave
the solution to the problem enacted into law. >> that might be the strategy. in other words, small increments on a monthly or bimonthly basis, instead of holding up the debt and defaulting, which would drop our credit, you're saying the gop may call for small increments until a real spending cut package can be worked out. is that the strategy? >> that would be my strategy. i would love to solve this problem by the end of february early march. that's not going to happen because president obama is utterly unwilling to rein in the size of government. we're going to have to message, message, message. pound home that point. maybe do something incrementally, message again. give something. continue concessions until we fix this problem once and for all. >> senator ron johnson, sir, happy new year. as always, thank you for joining us. >> same to you. have a good night. >>> in yet another sizzling story tonight, the question is whether john boehner is in danger of losing his job as speaker of the house. the conservative rumor mill is just running wild over this. that's not all mr. boehner is getting h
opportunity for women received greater opposition than his programs on race. congress had passed a law forbidding women to serve on fighting ships or in fighting planes. so by law women did not serve on an equal basis with men. women were also not permitted to attend service academies. at this time it was legal only to assign women to hospital or transport ships. bud understood that the culture believed women should avoid aggressive activities, but once again he took another view, and here's his view. i want to quote it. i have no problem supporting women in combat for two reasons. one, i remember well my grandmother's stories about fighting off the indians along with her husband as they crossed the plains and, two, the most vicious and cunning enemy i ever had to fight was a viet cong woman. close the quote. so in 1971 bud formed one of these wave retention groups. retention groups were these groups that he created to study problems in the navy; race relations, women in the navy, etc. and these, this wave retention group revealed general dissatisfaction with the reality that women wer
the across the board budget cuts that are called for under current law, but we want some cuts if we're going to agree to tax increases. that's a key republican demand. so all of those things are in play. each movement in any one part affects the others and we'll vus have to s just have to see where it comes out including capital gains and dividends which is i'm assuming would go 20%. that's down from 39.6 which is where they would go under current law if we go over the cliff. but it's up from 15 in both areas from where we are right now. >> last question, john, and i'll make this question. if we're talking about things like capital gains and seques r sequester, does that mean we have moved past the biggest elephant in the room, that being income levels at which taxes increase? >> i don't think we've moved past it because until they announce what a level is and until the other parts of the puzzle get settled, we can't know that for sure. and the other thing we can't know for sure is how many republicans will vote with the democrats both in the senate and in the house and will john boehner pu
to rise to 39.6. so that in effect is a tax cut from what current law was going to mean. we've got also in the bill an extension of tax credits for clean energy, for education. you've got some of the stimulus measures, expanded earned income tax credit, expanded childcare -- child exemption that was in the bill. so all of these thing are tax cuts for middle and modest income families, although they are going to lose, becky, because we did not extend the payroll tax cut, that temporary 2% cut that means about $20 a week for a family making $50,000. so that is a -- a bit of a counter drag on the economy from the whatever boost it's gotten from theection tension of middle-class tax cuts. >> i've seen that in places they're estimating as much as 0.5% of gdp growth because of the payroll tax alone. you look at that, and people expect that if you continue to want social security you're going to have to fund if t somehow. this is money that's supposed to be going to that. >> that's right. and the payroll tax cut was always intended as a temporary measure to stimulate the economy. and if you re
. >> under this law, more than 98% of americans and 97% of small businesses will not see their income taxes go up. >> reporter: lawmakers completely blew their deadline. they didn't get the grand bargain both parties claimed was their ultimate goal. both democrats and republicans gave themselves credit for getting something done. >> this is a very, very strong first step. >> this is an important one. this is a critical one for the future of the country. >> reporter: there was considerable hand ringing among republicans about a lack of spending cuts. some wanted to add them in, but ultimately there weren't enough votes to get it passed. this fiscal cliff deal, which passed the senate with overwhelming bipartisan support would extend tax cuts for all workers earning less than $400,000 a year, prevent a tax hike on estates valued at less than $5 million and extend unemployment benefits that were set to expire yesterday for some 2 million people. since congress missed the january 1st midnight deadline, technically the country did go over that fiscal cliff. but by passing the compromise deal in
've already racked up through the laws that they passed. >>> the budget deal boosts asian stocks in hong kong and australia hitting 19-month highs in the first trading session of the year. >>> european equities also share a deal out of washington despite more gloom from the eurozone. manufacturing has continued to contract according to the latest pmi. >>> okay. 2013, a warm welcome to viewers of "worldwide exchange." my special families to a family called the wards. thank you for hosting my family over the new year. personalities out of the way, eurozone, still looking glum despite the market reaction to the fiscal cliff deal this morning. to recap, the eurozone december following manufacturer pmi, 46.1, the flash was 46.3. the final output index, 46, weaker than the 46.1 flash, 46.1 in december. and the november number for orders 44.2. the eurozone in sort of the slowdown in the eurozone factory activity deepening in december. new orders falling. in spain it was worse, as well. let's get reaction to that despite the risk on sentiment. we have global head of foreign exchange with us for the h
they cannot afford to repay. the national consumer law attorney took part in the discussion examining student loan debt and its effects on both the student and the parents. this is about an hour and 20 minutes. >> with a degree come student debt. i'm really happy to be here tonight. it is great to take some time, to have this many and this whole set up to discuss these things, and these issues. i think propublica does a fantastic job with this, as they do with everything. we are happy to have a fantastic panel with the array of experts you would want to be discussing this issue. marion has been covering this for propublica, and a month ago had a fantastic piece that would-be the result of months of investigation of the debt burden on parents. that is an aspect that not a lot of people have been talking about. although you may have read about it on the cover of the "new york times" today, a month ago is when she began talking about it. we have the publisher and author of a best seller called "secrets to winning a scholarship." next to him, an attorney with the national consumer law center and
and commissions are governed by either your charter or by state law so it's easy to go down the road to figure out is it something that can be changed or a discretionary act within the board of supervisors or the mayor and to go about change that so it's something you could look at. >> i guess in the charter -- i am wondering in terms how they function or not, and i don't know how we get into that really. maybe it's not worth it. i won't be here obviously but it's something i was something about. i guess i am thinking out loud here. >> point well taken. >> commissioner schmeltzer. >> i'm sorry. i was misunderstanding commissioner olague's question -- >> i think commissioner olague -- >> yeah, i was wondering because you have some commissions that are selected entirely by the mayor and some aren't and i am wondering in terms of the outcomes -- whatever. >> i am with you now. i was responding to what i thought you were asking but you were asking something different. >> okay. >> let me just say -- yes commissioner? >> actually one other clarifying -- so under this proposal ms. miller would remai
are ripped from the headlines, just like an episode of "law and order." a couple of weeks ago, there was a piece in the "washington post" saying that auto sales saved the economy in 2012. the highest number of new vehicles sold since the financial crisis. in today's "wall street journal" we see another headline, u.s. auto sales forecast to break 15 million in 2013. when do they suggest the number of vehicles sold this year could be closer to 15.4 million. cn cnbc's own phil lebeau was saying it could be 15.5 million. tomorrow i think we're going to find out about december sales numbers and it's going to be terrific. hurricane sandy wrecked hundreds of thousands of cars that need to be replaced. bloomberg surveyed a bunch of analysts and they're predicting a 9.8 increase for december. put it together and the domestic auto market is clearly on fire. in fact, it's giving rise to maybe just maybe one of my best ideas for 2013. we still got a tremendous amount of pent-up demand in the country. the average car on the road is ancient, 11 years old. it's now easy to get a loan for a n
wrote the law partner, quote, there's not an acre in 500 here that a man in illinois would pay taxes on, and the people of mexico were far worse, quote, i've never seen a drunken mexican, that's the only good thing i can say, a miserable race, a few intelligent men lording over the rest, three quarters are pee-ons, and many slaves of the south. treachery and stealing are their characteristics and would make a miserable addition to any population of the united states. to another friend, he wrote just a week later that the only difference between the peons of mexico an the slaves of the south is the color, and as for making these peons voters and citizens of the united states, it should not be thought of until we give all indians a vote. these are hardin's thoughts on what's happening in mexico. that transformation occurred after only three months in mexico, and he told a third friend, although i was for annexing all this part of mexico to the united states before i came here, yet i now doubt whether it's worth it. so much for mexico, the people are not better than the country." hardin's
that he hopes this tragedy will inspire new laws to protect the lives and safety of celebrities and photographers. >>> it is 5:19. on the verge of tears, stanford's coach reacts to their big rose bowl win. and he thought his dad was in afghanistan. the surprise reunion that stole the show at the parade. >> a little frost in the bay area but if you are looking for snow, how about the snow report today: snowpack to 99" at alpine medical defense alpine meadows. 101" in northstar. some partly cloudy skies this weekend. more on your weather coming up. ,,,, [ mrs. hutchison ] friday night has always been all fun and games here at the hutchison household. but one dark stormy evening... she needed a good meal and a good family. so we gave her purina cat chow complete. it's the best because it has something for all of our cats! and after a couple of weeks she was part of the family. we're so lucky that lucy picked us. [ female announcer ] purina cat chow complete. and for a delicious way to help maintain a healthy weight, try new purina cat chow healthy weight. share brotherly love. shar
a personal exemption phase out in this law which limits your ability to take tax exemptions such as your kids. those are almost entirely phased out by $500,000 worth of income, and then there's something known as pease which is named after the congressman who invented it, a cap on your deductions for over 250,000, so that they don't have so many deductions they escape tax liability all together. if you make $300,000 a year, you're 50,000 over the threshold and a formula is applied to all of the deductions. in this case you have to subtract about 1,500 bucks off your itemized deduction tote a. that's an across-the-board haircut on deductions so it's going to impact everything you typically deduct, like your mortgage or charitable giving or anything. both of these new taxes hit people well below the much publicized $450,000 limit. that's going to surprise some taxpayers come next year, bill. >> once again, another bill that is a tax accountant employment act. >> absolutely. >> right? >> financial planners, too. >> thanks for understanding pease. >> p-ase be with you. >> if you generate income o
died, and clinton passes the law that basically gives the opportunity for bush to go further with it when bush, after 9/11, with the invasion of iraq. so, we see a continuum. that's part of the point we're making. it's not democrats versus republicans. foreign policy is bipartisan and we see it as this -- these lines running from 1898 -- you can say 1846 with mexico -- but we're tracing from 1899 up to iraq and afghanistan and yemen, and to the current administration. >> a lot like great historian williams who argues empire is a way of life. you call your book "untold history of the united states now now and in some ways williams -- >> we're following that. that's been on -- standing on on the showereds of a lot of great historian. this is not really untold to university audiences. it's untold in the public schools and untold to the popular u.s.a. audience. some people get their history from television and movies other than oliver's, and we're trying to challenge they that americans don't know much history. the national record card says u.s. high school seniors are worse in
. under the laws, those withholding rates are supposed to go up because, as you know, all thoughts tax cuts that were passed over a decade ago were supposed to expire. and the irs is basically on the sideline waiting to see what happens on the hill between them and the president to see if, in fact, there's a reason to tell the current employers, hold on, there will be a freeze on those rates. if, in fact, they have to go to the new guidance, consumers will start to feel very early the hit to their paychecks of having gone over the fiscal cliff, even if there's auto deal that retroactively drags us back over the top of the cliff. >> it's an interesting point. greg, thank you so much. such a mess. >>> it was better news at the box office lately. hollywood is on track to post an all-time box office record this year. film lovers have flocked the theaters to see christmas day performances of les miserables and "unchanged." >>> stick around. still to come on the show, the summer olympics and u.s. election made to 2012 a bumper user for advertisers. will that continue in 2013? we'll ask the c
'll see estate taxes go up, investment taxes go up. there is an endless list of expiring provisions of law that will, in fact, expire if nothing is done. and i think even if something is done at this point, what you're looking at is something very scaled back, something very small and congress will have to come back next year and take a look at trying to get to some of those other issues. >> alistair here. that sounds about right to me, assuming that that scenario is how things play out. what sort of impact medium term do you think this is going to have on consumer and corporate confidence in america, given that the fiscal cliff is clearly weighed heavily on both of those in recent months? >> the sad thing, you know, from an observer's standpoint here is that there isn't much corporate or consumer confidence in the american government. and it's proved itself dysfunctional time and again over the last couple of years. what you hear now is not how people believe that there's going to be some last-minute deal, but how they remember the times that the t.a.r.p. bill, the fiscal bailout a few ye
on africa and many believe now is the time. this is an overgeneralization. the rule of law is not widespread enough in the continent. there is a glimmer of hope such as sun nish sha. countries such as egypt still questionable. we have seen mass rioting there and growing concerns whether the new rule of law and new constitution will effectively protect investors. >> just a few years ago, there were maybe 10 frontier emerging funds. now, there's more than 300. they're the hot thing. remember, even if there is growth there, very little liquidity. that's not a real place for mom and pop investors. that's still a white knuckle place even if there is growth. >> i'm looking at global industries 52 week highs, turkey, france, uk. lithuania, japan. can those do well? >> i think so. they're coming off their bottom. europe 20 through wh-- europe 2 what was our 2008. >> you think merkel gets re-elected? >> at this point. she seems to be doing okay. if merkel gets re-elected, she will be a major outlier. the general rule of thumb for almost all politician, you never survive a debt crisis. germany doesn't
. and, you know, analyses against what had been current law before this passed show that the deficit is going to be a lot bigger. of course, that's why we avoided the fiscal cliff, because people were staring in the face that the amount of deficit reduction they thought this economy couldn't take right now. >> hey, john, does this whole battle change the political swing of power, balance of power as we go into these rough couple of months into the sequester? i'm just wondering, because guggenheim came out with a note that it's raising the odds of a default on debt from 20% to 10%. they said the brinksmanship we saw in this level and what the republicans have on this fiscal cliff. >> republicans say they have leverage on the debt ceiling. the president says forget about it, i'm not negotiating with you. one of those positions is going to have to give. and we'll see. i think it is logical to say that the odds of a default have risen to some degree because that issue's not been taken off the table. i don't think it fundamentally changes the balance of power, melissa. the president is on
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